Details continue to emerge about the life of Goldenscape CEO Peter Wangai after a Citizen TV exposé lifted the lid on his lurid investment scheme that fleeced fortunes from investors.
A report by The Standard on Monday, March 9, indicated that Wangai had developed a desire for success from a childhood ridden with poverty.
The publication reported that Wangai sold his Agriculture idea through the internet with promises of how people could run greenhouses through their smartphones and computers.
At first, the idea seemed successful because early investors recouped unbelievable returns on their investments exactly as Wangai had earlier promised them.
Initially (around 2017), all an investor had to do was plant a seed capital of Ksh380,000 and earn Ksh275,000 after just seven months, a promise that was seemingly delivered with the investors expecting more than 145% in profits by year-end.
The deal sounded so good that some of the investors signed on from the United States, United Kingdom and the Gulf States in an attempt to cut a slice of the seemingly thriving agricultural business.
Fast-forward to March 2020, a majority of the investors, some of who had never met Wangai, are a frustrated lot after he allegedly vanished with their investment running into billions of Shillings.
On Saturday, the aggrieved lot met at Uhuru Park to hatch a plan to hunt him down for their dues after spending nearly a week airing their grievances in their private Whatsapp groups.
According to a report aired by Citizen TV on Friday, March 6, Wangai allegedly went into hiding at the beginning of the week of Monday, March 2.
DCI detectives stormed his company's offices located along Kimathi Street, Lower Kabete and Karen on Friday and combed through documents.
A total of 53 people who claim that they invested in the company have since lodged complaints with the DCI since the exposé aired on the prime time news bulletin of Wednesday, March 4.
Detectives stated that Wangai is likely to face charges of obtaining money through false pretense as well as several other counts of fraud.
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